It’s reported land taken over by NAMA after the banking crash will be freed up to build new homes.
The Finance Minster wants to shake up the agency’s role to help ease the housing crisis. There have been numerous calls for NAMA land to be made available to help ease the housing crisis. Now Michael Noonan looks set to change the role of the National Asset Management Agency to a home builder, as part of a package of measures to ease the crisis and kick start construction of new homes. Meanwhile, it’s unlikely the Government will offer incentives for first time buyers in the 2016 budget. Mr Noonan has urged the Central Bank to review the caps in place for those trying to buy their first home. But the Irish Independent reports the Central Bank has no plans to carry out a special review and the government is unlikely to offer incentives in the budget.